They are a bad idea.” Dr Madsen Pirie, president of the Adam Smith Institute, neatly summed up the views of the Kirkcaldy-born ‘Father of Economics’ on tariffs in an article following Donald ...

Given this zeitgeist, a book on the moral philosophy of Adam Smith is timely indeed. While Smith may be the founder of modern economics, he was first and foremost a professor of moral philosophy. Yet ...

The book has enlivened the study of economics for beginning students for more than 40 years. Adam Smith published his Inquiry into the Nature and Causes of the Wealth of Nations in 1776 ...

The essential feature of capitalism is the motive to make a profit. As Adam Smith, the 18th century philosopher and father of modern economics, said: “It is not from the benevolence of the butcher, ...

At the very beginning of the industrial revolution, Smith pointed out not only slavery’s vanities and vices, but its economic contradictions. That’s the subject of the November Adam Smith 300 ...

according to Adam Smith (1723-1790), the famed Scottish economist and “The Father of Economics,” who introduced the term “invisible hand.” But wait, is that all there is to it? Didn’t ...

The historical character featured on the note is Adam Smith (1723-1790), one of the fathers of modern economics. The note quotes his famous example of workers in a pin factory, which demonstrated ...

Even Friedrich List might raise an eyebrow at Trump’s approach. One could imagine him advising the new president: “Tariffs ...